Meyer Gates Financial Advisors Inc

Item 5: Fees and Compensation
A. Description
    Asset Management
    Meyer Gates bases its asset management fees on a percentage of the
    investable assets according to the following schedules:
    1) Clients with less than $500,000 of assets under management, the annual
    charge is 1.25%, or
    2) Clients with $500,000 or more of assets under management, the following
    fee schedule applies:
    -   $500,001 to $1,000,000 – 1.00% per year on all amounts under
        $1,000,000.
    -   $1,000,001 to $2,000,000 – 0.75% per year on amounts above
        $1,000,000; and
    -   Above $2,000,000 – 0.50% per year on amounts above $2,000,000.
    Current client relationships may exist where the fees are higher or lower than
    the fee schedule above. Meyer Gates, in its sole discretion, may charge a
    lesser fee based upon certain criteria (e.g., historical relationship, type of
    assets, anticipated future earning capacity, anticipated future additional
    assets, dollar amounts of assets to be managed, related accounts, account
    composition, negotiations with clients, etc.).

                       Meyer Gates Financial Advisors, Inc.

    Financial Planning
    Financial plans are priced according to the degree of complexity associated
    with the client’s situation. Average costs range from $2,000 to $5,000, but is
    included at no cost for clients’ Meyer Gates manages investments.
    Retainer Agreements
    Retainer Agreements may be priced based on the complexity of work,
    especially when asset management is not the most significant part of the
    relationship. The hourly rate for limited scope engagements is $375.00.
    All fees are negotiable.
    Compensation for the Sale of Insurance Products
    Meyer Gates does not sell insurance products or compensate their
    representatives for advice directly relating to insurance recommendations.

B. Fee Billing
    Asset management fees are billed quarterly, in advance, based on the value
    of the accounts under management. The fee covers only those portfolio
    assets described and domiciled with a custodian brokerage agreement
    granting the advisor trading authority. In most cases, fees are withdrawn
    directly from clients' accounts with clients' written authorization. Meyer Gates
    collects fees in advance, meaning that Meyer Gates takes fees based on the
    beginning account balance before the quarterly billing period has begun. If an
    account is closed prior to the end of a billing period, fees collected in advance
    will be refunded based on the prorated number of days worked and the total
    days during the billing period. If an account is opened or funded after the
    beginning of a billing period, clients are charged in arrears based on the
    prorated number of days worked and the total days during the billing period.
    Fees for financial plans and retainer arrangements are billed upon delivery of
    the financial plan or completion of the designated work.

C. Clients Are Responsible for Third Party Fees
    Custodians may charge transaction fees on purchases or sales of stocks,
    certain mutual funds and exchange-traded funds. Mutual funds generally
    charge a management fee for their services as investment managers. These
    fees are separate and distinct from the fees charged by Meyer Gates. Clients
    are responsible for the payment of all such third-party fees.

D. Outside Compensation for the Sale of Securities to Clients
    Neither Meyer Gates nor its supervised persons accept any compensation for
    the sale of securities or other investment products, including asset-based
    sales charges or services fees from the sale of mutual funds.

                       Meyer Gates Financial Advisors, Inc.

Item 7: Types of Clients

   A. Description
       Meyer Gates generally provides investment advice to:
           •   Individuals
           •   Pension and profit-sharing plans
           •   Trusts and estates
           •   Charitable organizations
           •   Small businesses

   B. Account Minimums
       Meyer Gates has a minimum investment requirement of $500,000. Account
       minimums can be adjusted for instances a client was active prior to said
       minimum or if the client has the potential for future deposits in excess of the
       minimum balance.